Latest Vacancies at The World Bank Group

Job Code: req3805
Location: Lagos, Nigeria
Recruitment Type: Local Recruitment
Grade: GE
Sector: Investment
Term Duration: 2 years 0 months

Baground

• IFC, a sister organization of the World Bank and member of the World Bank Group is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.
• IFC has embarked on an ambitious new strategy to stimulate more investment activity by Creating Markets, including in Low Income Countries (LICs) and Fragile and Conflict Situations (FCS). This new strategy requires a shift in our approach to proactively create, deepen and expand markets and projects rather than waiting for clients to propose projects for IFC to finance. This strategy also relies on upstream work with Governments and World Bank colleagues to enable private sector solutions and financing. We call this approach the “Cascade.” Working with clients, we will first seek private sector solutions to address development challenges, where such solutions are advisable and can be effective, and reserve public financing for projects only when other options are suboptimal.
• The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume, profitability and development reach, approximately 40%. FIG engages in a wide range of sub-sectors including Microfinance, SME, Gender, Climate, Insurance, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered globally to IFC’s clients through IFC’s global network. FIG has three main objectives:
  • Financial inclusion
  • Servicing the real economy and
  • Mobilizing third-party resources.
• The goal is to develop efficient financial systems that will increase financial inclusion and fuel economic growth in client countries and enhance IFC’s developmental impact.
• FIG is recruiting an Investment Analyst to join the Investment and Portfolio Team, which originates, manages and monitors IFC’s financial sector investments in Africa and the Middle-East.
• The position can be based in one of the following offices Nairobi, Kenya, Johannesburg, South Africa, Lagos, Nigeria, Amman, Jordan, Cairo, Egypt
• IFC recruits investment analysts globally on two-year term contracts extendable to a maximum of four years. Upon completion of their contracts, investment analysts typically leave to pursue a graduate degree or additional work experience.

Duties & Accountabilities

• Ability to conduct market and industry research and analysis.
• Ability to demonstrate attention to detail, thoughtful scenario analysis, and diligence in the quality of one’s own work.
• Fully understands the financial aspects of investment or advisory transactions, including how to conduct market analysis and determine financial soundness of company or project opportunity.
• Demonstrated skill in financial statement analysis, accounting, finance, financial modeling, DCF, and comparable company analysis to support informed decision making.
• Ability to analyze and synthesize debt pricing benchmarks and equity trading comparables.
• Basic understanding of how specific investments or advisory transactions in different industries and sectors impact economic, market, and social development, and how to use mapping methodology to assess market conditions, gaps, and business opportunities.
• Identify data collection needs to support the assessment of financial, operational, development impact, and market information as well as relevant ES&G matters. Coordinate with the client to obtain needed information.
• Demonstrates active listening skills by being attentive and listening to others in order to identify client and stakeholder needs.
• Able to distill and summarize large amounts of information from various sources to prepare business documents and presentations.
• Able to write in a logical and comprehensive, yet concise manner.
• Able to utilize graphics and tables to effectively and creatively present data.
• Extract lessons of IFC’s earlier investments or advisory mandates and other evaluative work as relevant to provide input to the structuring of straightforward transactions

Selection Criteria

• Bachelor's or equivalent degree;
• Up to 3 years work experience in a financial institution, particularly in investment projects;
• Ability to develop complex financial models;
• Keen interest in development finance and multicultural environments;
• Highly motivated, committed to highest ethical standard, ability to work successfully in multicultural teams and across boundaries;
• Strong knowledge of financial markets;
• Strong analytical and conceptual skills including corporate/project finance;
• Ability to communicate clearly and concisely both orally and in writing;
• Fluency in English required, proficiency in additional languages is preferred.

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Reference: ADB/19/145
Location: Abidjan, Cote D'ivoire
Grade: PL4
Position N°: 50100762

The Complex

• The Vice-Presidency for ‘Agriculture, Human, and Social Development’ is a Sector Complex focusing on two of the Bank’s Ten Year Strategy High 5s priority of “Feed Africa” and “Improve Quality of Life for the People of Africa”. The complex objectives are (i) to develop, policy and strategy; (ii) provide deep sector expertise to the Regions by gathering pools of experienced individuals who can be consulted to provide sector expertise on complex transactions; (iii) develop new financing instruments; (iv) the Vice President will act as the spokesperson to represent the Bank with external stakeholders on aspects of “Feed Africa” and Improve Quality of Life for the People of Africa”.

The Hiring Department/Unit

• In 2006, at the Abuja African Green Revolution summit, the African Union Member States, conceived the “African Fertilizer Financing Mechanism” (AFFM), an initiative to improve agricultural productivity by providing finance to debottleneck the use of fertilizers. The Summit charged the African Development Bank (AfDB) with the responsibility to establishing and manage the AFFM.
• The specific objective of the AFFM is to increase fertilizer use in Africa from its current average of about 17 kg per ha to 50 kilogram per hectare, so as to boost agricultural productivity.
• In order to respond to actual financing needs of the fertilizer value chain, AFFM adopted its “Strategy” which has identified two key intervention areas: (i) support the provision of credit guarantees and other financial solutions along the fertilizer supply chain; (ii) support policy advocacy and targeted technical assistance to governments committed to addressing key obstacles to fertilizer supply chain growth and efficiency.
• In this regard, AFFM needs collaboration with AfDB, other development financial institutions, commercial banks and private sector actors in the fertilizer value chain to issue the credit guarantee and develop other financial products that meet fertilizer sector financial needs.

The Position

• The AFFM Principal Investment Officer will work under the day-to-day supervision of the Coordinator of the Africa Fertilizer Financing Mechanism (AFFM).
• As part of AFFM secretariat, the team will be supported by relevant Bank Divisions for the development of programs of activities at the Bank’s headquarters and to facilitate the implementation of AFFM’s field programmes and allied initiatives at the country level.
• His/her performance reporting will be to the Coordinator of AFFM.

Duties and Responsibilities
The specific responsibilities include, but not limited to:

• Contribute in the development and implementation of the AFFM Work programs, by managing all investment-related interventions in the countries, and provide technical advices during the programme implementation.
• Work closely with the Bank’s private sector and financial inclusion departments to partner with relevant financial and non-financial institutions for the development and structuring of fertilizer financing deals for new entrants or existing actors in the fertilizer sector;
• Drive new business development and resource mobilization for fertilizer sector financing with relevant departments of the Bank as well as sovereign, multilateral, bilateral, financial institution and private sector partners;
• Mobilize innovative initiatives to close financing gaps for the development of major fertilizer operations by promoting innovative financial products, and  mobilizing new sources of financing;
• Establish synergies between the Bank’s various initiatives in the fertilizer sector with the Bank’s strategies and programs;
• Build and maintain strong relationships with relevant partners in the area of fertilizer businesses, banking, with private sector and government officials to further develop the sector and to develop specific investment opportunities.
• Formulate alliance strategies with actors along innovative fertilizer financing, service delivery with a particular focus on public private partnerships (at the country and continent level) to engage stakeholders in alignment of sustainable development goals;
• Analyze the constraints and opportunities related to fertilizer investment options with emphasis on the functionality of fertilizer industry, support services, trade policies, market institutions and organizations, risk management systems and private sector engagement.
• Support fertilizer value chain strengthening through structured finance in syndicate deals with commercial banks and other creditors (fertilizer finance and innovative fertilizer financing schemes).
• Actively involved in all the activities of projects development cycle, as task manager (identification, preparation and appraisal), follow up with different departments for project approval process, and work with legal department to ensure that all projects have appropriate legal documentation.
• Monitor project implementation by recipients, provide required technical assistance and follow up project periodic reporting;
• Contribute towards building a strong pipeline of good quality investment opportunities for the AFFM operations particularly identifying entry points for private investments in public sector transactions.
• Working with the Agricultural Finance and Rural Development units, understand the landscape of various guarantee schemes or risk sharing facilities utilized to finance fertilizer supply chains and agro-dealer networks around the continent, their advantages, achievements, challenges, and weaknesses;
• Enhance project implementation quality, timeliness and integrity through developing and implementing result based performance monitoring and evaluation systems and reporting activities to enable transparent assessment of AFFM financing outcomes and impacts, for both internal and external audience.
• Collaborate with other AFFM team and Banks’ Units in reviewing the operations performance, preparing completion reports, etc., so as to ensure that the lessons drawn from the implementation of past operations are taken into account in new projects.
• Undertake any other assignment relevant to the successful implementation and performance of the AFFM.

Selection Criteria

• Hold at least a Masters’ degree in Finance, Banking, Business Administration, Agri-business or related areas;
• Have a minimum of six (6) years of investment finance experience, with track record in investment structuring and project finance. Have a strong understanding of the agriculture financing in Africa, good command of undertaking comprehensive due diligence, including financial and economic analysis of clients (financial institutions, medium and larger enterprises
• Good working experience with, or working knowledge of, multilateral or bilateral development agencies;
• Experience of Multi-lateral development banks (or similar financing institutions) and their operations in terms of private and/or public sector project development and implementation process.
• Experience with a broad range of financing and implementation modalities including but not limited to budget support, loans, equity, partial credit risk guarantees, and results-based finance.
• Very good understanding of Finance and business, especially fertilizer value chain or agriculture financing;
• Recognized ability to identify and articulate finance, corporate finance and project finance issues and to provide sound advice;
• Demonstrated ability to think strategically, and to prepare, analyze, review and disseminate knowledge products with easy uptake and that add value in financing the fertilizer sector
• Client orientation - Anticipates and identifies client needs and business trends and proactively consults with them to deliver integrated, customized solutions;
• Ability to communicate effectively (written and oral) in English or French. A working knowledge of the other will be an asset.
• Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint); knowledge of SAP is desirable
• Ability to work independently, to be creative and innovative.
• Demonstrated Integrity, dedication and ability to work in team.Ability to communicate orally and in writing effectively in French or English, with a good working knowledge of the other language.
• Competence in the use of standard Microsoft Office applications (Word, Excel, Access, PowerPoint, SAP and/or other integrated document management system).

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Reference: ADB/19/146
Location: Abidjan, Cote D'ivoire
Grade: PL4
Position N°: 50068481

The Complex

• The President, plans, supervises and manages the business of the Bank Group. Under the direction of the Boards of Directors, the President conducts the business of the Bank and the African Development Fund and manages operations and activities in accordance with the Agreements establishing the African Development Bank and the African Development Fund.
• The President supervises several Departments and Units including Office of the President; Independent Development Evaluation Department; Integrity and Anti-Corruption Department; Compliance Review and Mediation Unit; Secretariat to the Sanctions Appeals Board; Administrative Tribunal; Office of the Auditor General; Group Risk Management Directorate; General Counsel and Legal Services Department; Communication and External Relations Department; Staff Integrity and Ethics Office and Office of the Secretary General & General Secretariat.

The Hiring Department

• The role of the Banks' Office of the Secretary General and the General Secretariat is to facilitate the delivery of the objectives of the Bank’s Ten Year Strategy, High 5s, and Development and Business Delivery Model by enhancing the decision-making process of the governance organs and forging better working relationships with the shareholders and host countries of the Bank. The Secretary General and the General Secretariat is comprised of:
  • The Immediate Office of the Secretary General which has the additional responsibility of managing the Records Management, Archives and Disclosure and Access to Information Section, the Corporate Governance Policy and Shareholder Relations Section and the Conference and Meetings Section;
  • A Board Affairs and Proceedings Division; and 
  • A Protocol, Privileges and Immunities Division.

The Position

• The overall objective for this job is to provide secretariat services for the Boards of Governors, the Boards of Directors and the Committee Operations and Development Effectiveness (CODE), including Drafting, Revising and Translating of reports of meetings while ensuring proper arrangement of Board of Directors and Governors meetings and their subsidiary organs are well conducted.

Duties and Responsibilities
Under the supervision and guidance of the Chief Board Affairs & Advisory Services Officer, the Principal Board Affairs Officer and Committee Secretary will:

• Contribute to the effectiveness and efficiency of the Boards of Directors and Boards of Governors and the CODE Committee by enhancing the decision-making process;
• Assist the CODE Chair in preparing and conducting the Committee meetings and advise on any relevant matters ;
• Prepare background papers, analyses and recommendations to be used by Committee Chairperson and members;
• Coordinate the activities of the CODE Committee and manage the relationship between Senior Management and members;
• Cover Committee meetings, analyse and determine the thrust of the discussions/deliberations and then synthesize, compose the main decisions and conclusions reached;
• Contribute to strengthening the effectiveness of Committee through research and submission of documents on issues under consideration;
• Populate the Board Dashboard and follow up on Committee recommendations;
• Ensure the coverage of relevant Boards of Governors meetings; analyse and determine the thrust of the discussions/deliberations and then synthesize, draft the main decisions and conclusions reached;
• Translate, when and as necessary, in the other working language of the Bank the synthesis and reports drafted.
• Carry out any other assignment required by service exigency

Selection Criteria

• Hold at least a Master’s degree or its equivalent in Communication, Economics, International Relations, Development Studies, Development Finance, Social Science and other related disciplines;
• Have a minimum of  six years (6) years of relevant professional experience in similar organizations with sound analytical aptitudes;
• Strong and proven translation skills with sound financial knowledge;
• Ability for work long and unusual hours to meet short deadlines since the timeliness of these documents is of crucial importance;
• Having private sector experience will be an added advantage;
• High analytical and drafting skills; excellent skills in presenting written and verbal communication;
• Have the capacity to identify and meet the clients' needs within the framework of the established rules on the processing of reports prepared, and to identify appropriate solutions as well as alternatives when necessary;
• Have the ability to work quickly and under pressure; attention to details, resourcefulness;
• Competence in the use of standard software used in the Bank as well as translation software or machine aided translation;
• Capacity for multi-skilling and multi-tasking, Excellent interpersonal skills, strong communication skills;
• Ability for team work in a multicultural and diversified environment and a balanced judgment;
• Proof of discretion, tactfulness and flexibility, taking account of the clients served: the Board of Governors, Plenipotentiaries, the Board of Directors, and Senior Management;
• Competence in translation and writings, good at summarizing and synthetizing;
• Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other;
• Competence in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point); knowledge of SAP (or other integrated document management system or quantitative and qualitative data analysis packages) is an added advantage